Business Management

5. The ratio of long term debt to total capital employed
6. The next best alternative foregone when making a decision
10. A theory distinguishing between motivators and hygiene factors in the workplace
13. Spending on non current assets used in the business
14. A theory suggesting that human needs are arranged in a hierarchy from basic to higher level needs
17. Debts that must be repaid within one year
20. The difference between current assets and current liabilities
21. The reduction in the value of a non current asset over time
22. A form of legal protection where owners are only liable for the amount invested in the business
23. An individual or organization that owns shares in a company
24. The ethical commitment of a business to contribute to economic development while improving quality of life

1. Any individual or group that has a direct interest in the activities and performance of a business
2. Money owed to a business by its customers
3. A limited company whose shares are available for purchase by the general public
4. The difference between the selling price per unit and the variable cost per unit
7. A non physical asset such as patents trademarks or goodwill
8. A profitability ratio measuring the return generated on the capital invested in a business
9. A leadership style where employees are given considerable autonomy in decision making
11. A financial statement showing assets liabilities and equity at a specific point in time
12. The level of output at which total revenue equals total costs
15. A leadership style where the leader makes decisions without consulting employees
16. A decision making tool that analyzes the forces for and against a proposed change
18. Money a business owes to its suppliers
19. A model that analyzes the competitive forces within an industry to determine its attractiveness